UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
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SEC FILE NUMBER
333-88480
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NOTIFICATION OF LATE FILING CUSIP NUMBER
05530G 102
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(Check one): |_| Form 10-K |_| Form 20-F |_| Form 11-K |X| Form 10-Q
|_| Form 10-D |_| Form N-SAR |_| Form N-CSR
For Period Ended: June 30, 2007
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|_| Transition Report on Form 10-K
|_| Transition Report on Form 20-F
|_| Transition Report on Form 11-K
|_| Transition Report on Form 10-Q
|_| Transition Report on Form N-SAR
For the Transition Period Ended:
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Read Instruction (on back page) Before Preparing Form. Please Print or Type.
Nothing in this form shall be construed to imply that the Commission has
verified any information contained herein.
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If the notification relates to a portion of the filing checked above, identify
the Item(s) to which the notification relates:
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PART I - REGISTRANT INFORMATION
BBM Holdings, Inc.
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Full Name of Registrant
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Former Name if Applicable
61 Broadway, Suite 1905
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Address of Principal Executive Office (Street and Number)
New York, NY 10006
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City, State and Zip Code
PART II - RULES 12b-25(b) AND (c)
If the subject report could not be filed without unreasonable effort or expense
and the registrant seeks relief pursuant to Rule 12b-25(b), the following should
be completed. (Check box if appropriate)
| (a) The reason described in reasonable detail in Part III of this
| form could not be eliminated without unreasonable effort or
| expense
| (b) The subject annual report, semi-annual report, transition
|X| | report on Form 10-K, Form 20-F, Form 11-K, Form N-SAR or Form
| N-CSR, or portion thereof, will be filed on or before the
| fifteenth calendar day following the prescribed due date; or
| the subject quarterly report or transition report on Form
| 10-Q or subject distribution report on Form 10-D, or portion
| thereof, will be filed on or before the fifth calendar day
| following the prescribed due date; and
| (c) The accountant's statement or other exhibit required by Rule
| 12b-25(c) has been attached if applicable.
PART III - NARRATIVE
The Registrant's quarterly report on Form 10-QSB could not be filed within the
prescribed time period because of the cessation of operations of the
Registrant's wholly owned subsidiary and its operating entity, Broadband
Maritime, Inc. in June 2007. The Registrant is a small company with limited
resources available to dedicate to the preparation of this quarterly report on
Form 10-QSB, despite having engaged an outside consultant to assist the
Registrant in the process.
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
Mary Ellen Kramer, President 212 405-1070
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(Name) (Area Code) (Telephone Number)
(2) Have all other periodic reports required under Section 13 or 15(d) of the
Securities Exchange Act of 1934 or Section 30 of the Investment Company
Act of 1940 during the preceding 12 months or for such shorter period that
the registrant was required to file such report(s) been filed? If answer
is no, identify report(s). Yes |X| No |_|
(3) Is it anticipated that any significant change in results of operations
from the corresponding period for the last fiscal year will be reflected
by the earnings statements to be included in the subject report or portion
thereof? Yes |X| No |_|
If so, attach an explanation of the anticipated change, both narratively
and quantitatively, and, if appropriate, state the reasons why a
reasonable estimate of the results cannot be made.
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BBM Holdings, Inc.
(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.
Date: August 14, 2007 By: /s/ Mary Ellen Kramer
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Mary Ellen Kramer, President
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BBM Holdings, Inc.
August 14, 2007
Attachment regarding Part IV(3)
The operations of the Registrant for the quarter ended June 30, 2007 will
consist almost entirely of the operations of Broadband Maritime, Inc., the
Registrant's wholly-owned subsidiary acquired in the merger reported in the
Registrant's current report on Form 8-K filed April 5, 2007. Those operations
are completely changed from the business operated by the Registrant in the same
quarter in 2006. On June 5, 2007, BBM Holdings announced that Broadband
Maritime, Inc. had ceased operations and reduced employment to a small residual
force. The Registrant committed to this action following a meeting of the Board
of Directors on May 31, 2007. Given our limited resources as referenced in Part
III of this Form 12b-25, a reasonable estimate of the results cannot be made.
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